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The Electrical and Mechanical Services Trading Fund (EMSTF) continued to record stable performance in 2014-15. To prepare for challenges in the coming years, the Electrical and Mechanical Services Department (EMSD), which manages the EMSTF, has mapped out a strategy to ensure that quality professional services will continue to be delivered to client departments and the community.
The EMSD announced today (October 28) the EMSTF results for 2014-15. The fund recorded revenue of $5.49 billion, a slight increase over the preceding year's figure, with its returns on revenue remaining at 5.3 per cent. It also achieved a record high customer satisfaction rating in an independent customer opinion survey conducted in the same period.
The EMSTF General Manager and Director of Electrical and Mechanical Services, Mr Frank Chan, said, "Despite its satisfactory performance, the EMSTF is facing pressure from a shortage of skilled labour, increase in the operating cost and the savings plans by client departments for reducing operating expenditure in the coming years. As such, we will implement a series of measures to enhance productivity, such as wider adoption of advanced technology and strengthening of our knowledge management."
He said that the EMSTF will continue the slim-profit model so as to enable client departments to retain more funds to enhance their core services for the benefit of the community.
The EMSTF Report was tabled at the Legislative Council and uploaded to the EMSD's website (www.emsd.gov.hk/rl/EMSTF_AR_1415.html) today for public reference.
Ends/Wednesday, October 28, 2015
Issued at HKT 14:01
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